"Final Notice, Notice of Intent to Levy and Notice of Your Right To A Hearing." You just received this letter from IRS. Fear and panic set in. You ask yourself "What do I do now?"
Levies are a way IRS gets your attention because they have made multiple attempts to contact you and have received no reply from you. Levies are used to seize your property - tangible personal property and intangible personal property held by a third party. IRS can take anything you own to satisfy your tax debt including, bank accounts, boats, cars, stocks, bond, Social Security checks and paychecks.
IRS can and will issue a wage levy attaching your paycheck each and every pay period until the tax debt is paid. The majority of your paycheck will go to IRS and in many cases IRS will not leave enough for you to pay your bills.
IRS can also seize and sell any and all of your assets to pay the tax debt including your home, boats, cars, retirement funds, jewelry, motorcycles, insurance policies, anything of value.
The Tax Law Pros are often able to get the levies released and get you even with the IRS. Our goal is to help you get your life back.